Gossan Completes Field Program at Pipestone Vanadium Project

Gossan Resources Limited (TSXV:GSS) completes a field program at the 3584-hectare Pipestone Vanadium Project at Cross Lake, about 150km south of Thompson, Manitoba.

The press release is quoted as saying:

In the mid-1990′s, Gossan outlined a significant vanadium-titanium-iron resource based on 144 diamond drill holes. In the current surface program, Gossan retained Hayles Geoscience Surveys Ltd. to conduct a survey of all of the historic drill hole site locations and the grid which was originally cut at the Pipestone Lake Property in 1994. The purpose of the survey was to provide an accurate map on which to base a future NI 43-101 resource calculation. Work to date has outlined a non-compliant NI 43-101 indicated resource of 156.8 million tonnes grading 5.56% TiO2, 28.11% Fe2O3 and 0.22% vanadium pentoxide and an inferred resource of 150 million tonnes at a similar grade.

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